Toyota Case Essay

581 Words3 Pages
Identify using a model the levels of a product. Core benefit–the inner need that urges the consumers to buy something, no matter if it is a product or a service. The main aim of consumers is to satisfy this inner urge. In the case of Toyota, the fundamental benefit for a consumer is “convenience’, i.e. the ease at which they can go anywhere whenever they want to. Basic product – the basic product that might satisfy the inner needs of the consumer. In the case of Toyota, a basic product could be the fitness to drive the car on the road. Expected product – the properties that the product has and that are absolutely necessary for the consumer to think about buying the product. In the case of Toyota, it could refer to characteristics that ensure the roadworthiness. Augmented product – those attributes of the product that can differentiate it from the competitors’ products and might provide a slight advantage over them for the consumers. In the case of Toyota, the customization elements of Scion for young people. Potential product – Comprises all the augmentations and transformations a product might undergo in the future.This includes all the additional values and augmentations that the company finally included in the product to differentiate it from the competitors’ products. In the case of Toyota, the personalization package could be leveraged in the future. Further, in consideration of the air plane, marine boat. List and discuss the stages in the introduction of a new product. How is this relevant to Toyota? 1. Idea generation. Ideas for new products are generated based on research. For instance, through customer research, Toyota learned that Scion’s target groups were interested in personalization. 2. Idea screening. The purpose it to eliminate unsound concepts before devoting resources into them. Toyota can screen the ideas by

More about Toyota Case Essay

Open Document